You have been offered a very long-term investment opportunity to increase your money one hundredfold. You can invest $ 600

$600 today and expect to receive $ 60 comma 000

$60,000 in 40

40 years. Your cost of capital for this (very risky) opportunity is 17 %

17%. What does the IRR rule say about whether the investment should be undertaken? What about the NPV rule? Do they agree?

What is the IRR?

The IRR of this investment opportunity is

nothing

%. (Round to one decimal place.)